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Careers
Position: Underwriter
The Underwriter is the final decision maker for all loan applications. Working closely with Loan Officers is vital to being effective in this position. This key role encompasses a wide range of responsibilities. In this position, you will underwrite and issue denials, suspensions and approvals with conditions on first and second mortgages, while ensuring that all loans meet investor guidelines. You will obtain investor decisions on "gray area" loans via phone or fax investors. Your goal should be to underwrite a minimum of 3 loans per day and 60 per month, with zero loans showing as unsaleable to the intended investor. You will clear conditions and issue "Clear to Closes" on all loans you've underwritten. Underwriters have the potential to earn between $80,000 and $100,000 per year.
Other job duties entail updating computer processing software program with lending decisions, and keeping management apprised of any fraud, misrepresentation or loan discrepancies by the borrower, any service provider or Loan Officer.
Qualified applicants should have a minimum of 2 years' mortgage underwriting experience with FNMA/FHLMC preferred, and a minimum of 2 years' college or equivalent is preferred.
To Apply: Email a resume to Careers.
More career opportunities at NewDay:
Account Executives
Processors
Analyst
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